News notes from around the interweb:
- From Tampa airport’s Instagram
- Can hotels break even at just 1/3rd occupancy?
- Oops, there goes the fire suppressing foam…
This ain’t good. pic.twitter.com/8FLbSa1kTP
— Nasty Canasta (@nasty_canasta) May 15, 2020
- Las Vegas airport PPE vending machines.
- NSFW: British Airways Cabin Crew Reveal What They Think About Management in Airplane Graffiti
- BB&T and SunTrust merged and they renamed themselves ‘Truist’. It cost them $125 million to change names yet they expect us to believe they’ll be good stewards of our money..?
The bank said in a court filing Friday that it spent $7 million to create the name and branding, $4 million to have the name approved by shareholders and regulators, $40 million to change operating systems so the bank could use the name on the merger date in December and $75 million in marketing expenses and “community support.”
- American Fedex pilot gets four weeks in a Singapore jail for violating a quarantine order.
My favorite video……..When you miss traveling during lockdown!
https://www.facebook.com/groups/hungary.expats/permalink/10158258078324699/
The HotStats study is suspect, because they do not include any of their underlying assumptions, only the assertion that “We are not worrying about achieving a break even with low ADR”. Jack up rates high enough, and you can make money with 1% occupancy, if you charge that single guest enough. Difficulty is finding the customer willing to pay such a high rate, but I suspect we will see some airlines practicing a similar strategy, if/when the government money runs out.
The other strange thing in the study is, for the Middle East and Europe, the overall breakeven rate is lower than any of the categories that go into it. Mathematically, that doesn’t make sense.
Truist eh? Sounds like they told WOH to hold their beer on the naming front. Even Bonvoy may have some competition now. Sigh.